Bullish option flow detected in E.l.f. Beauty with 2,928 calls trading, 1.8x expected, and implied vol increasing over 3 points to 75.20%. Jun-24 185 calls and May-24 175 calls are the most active options, with total volume in those strikes near 770 contracts. The Put/Call Ratio is 0.46. Earnings are expected on May 22nd.
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